Credit, Collections & Insolvency News
The Insolvency Service has launched a new online information hub to support company directors. The hub hosts guidance and information on a range of business themes commonly faced by companies and aims to help company directors to push their business forward by being more aware of potential pitfalls. It is specifically designed for directors of micro,…
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A new study from Juniper Research has found that the total value of digital wallets transactions will rise from $9 trillion in 2023 to $16 trillion in 2028, a growth of 77%. The trend is driven by growth across both developed and developing markets, as the increased adoption of advanced services such as BNPL (Buy Now…
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As inflation continues to squeeze finances, savings are being depleted and more are turning to credit to help cover the soaring cost of living — including overdrafts, which have seen a 7.1% growth since August 2021 according to new TotallyMoney research. The analysis estimates that each month 15.5 million adults (30%) are dipping into their…
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Brendan Clarkson has joined PKF Littlejohn as a Director in the firm’s Advisory team Clarkson has more than 25 years of experience in corporate lending and insolvency, working with businesses of all sizes, lenders, creditors and government bodies. Clarkson will work across PKF’s London, Leeds and Manchester offices. His role will involve providing debt advice…
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A significant portion of the UK population remains financially stable despite rising interest rates and persistent inflation according to new research by TransUnion. The figures illustrate a contradictory picture of the financial landscape among consumers. On one hand, almost six in 10 (58%) have proactively taken steps to reduce their discretionary expenditures such as dining out,…
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